Merkel stands up for Hochtief

The 11,000 employees of the German construction group Hochtief get in the fight against a hostile takeover by Spanish rival ACS assistance from the federal government. "Hochtief is an important companies in the German construction industry," government spokesman Steffen Seibert said in Berlin. The company was a "showcase German technological competence", if only Government and the Chancellery are interested in "the industrial structures of high and low, the seat of Hochtief stay in Essen. Seibert assured that the government pursue this matter very closely and was in contact with the company.

In the evening, then looked back at the ACS course: The Spanish construction group announced were plans for a massive capital increase: There should be spent millions of new shares in order to accomplish the high-low increase funding in any case. ACS will thus claims to be prepared and to stress its "determination," his high-low of just under 30 percent to 50 percent increase to "possible scenarios".

"The planned capital increase will amount to more than 50 percent of the existing share capital corresponding to a maximum of 157 million shares, said in a statement. In the context of ACS is to hear that the capital injection could also mean a billion-dollar takeover bid for Hochtief subsidiary Leighton could be financed, such as the Essen-based company has claimed it. There was, however, the hope, even without the use of capital to the target.

Planned on 19 November to approve the ACS shareholders the ambitious financing plan in Madrid. "The board represents the ACS major shareholders, representing more than 60 percent of the total share capital, have already pledged their support for the capital increase," says the Spanish company. The Financial Supervisory Authority had approved an extension to submit a public takeover offer. ACS is now confident "that the offer will be successfully completed by the end of January." The recent conditions of the offer remained unchanged.
The federal government had in the morning with the statements for the first time - a into the takeover battle Hochtief - albeit cautiously. So far, Germany's Economics Minister Rainer Brüderle (FDP) had always stressed, political intervention in the conflict is not displayed. ACS has been always said to do, Hochtief obtained without deep cuts.

Meanwhile, intensified the dispute over aid to Hochtief. SPD leader Sigmar Gabriel called on in the "Bild"-Zeitung, the German banks to support the construction group in the fight against the acquisition. "If our banks to get rid of the reputation of being unpatriotic, then you should buy good Hochtief shares instead of bad foreign loans," he said.

Gabriel on Thursday, Chancellor Angela Merkel (CDU) had requested to help the company to find a "white knight". "The government is well advised not to intervene on behalf of individual companies," said the chairman of the SME Union of the CSU, Hans Michelbach the "Handelsblatt". The North Rhine-Westphalia state government on the other hand, seeks tougher laws to protect German companies.

negato

Negato blog

negato 發表在痞客邦留言(0) 人氣( 50 )

全站分類：心情日記

▲top

請先登入以發表留言。

Negato blog

diary, sport, chess, life, football, blogging

參觀人氣

Negato blog

diary, sport, chess, life, football, blogging

Merkel stands up for Hochtief

你可能也喜歡

參觀人氣

成人內容提醒